Market Overview

Miami International Holdings Reports July 2020 Trading Results for MIAX Exchange Group; July Market Share up Approximately 19% over 2019

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PRINCETON, N.J., Aug. 7, 2020 /PRNewswire/ -- Miami International Holdings, Inc. (MIH) today reported July 2020 trading results for its three fully electronic options exchanges – MIAX®, MIAX PEARL® and MIAX Emerald™ (together, the MIAX Exchange Group™). The MIAX Exchange Group collectively executed over 66.4 million equity option contracts in July for a combined average daily volume (ADV) of 3,020,609 contracts, representing a total U.S. equity options market share of 11.41%.


Trading Volume for MIAX Exchange Group,

Current Month

Year-to-Date Comparison

Equity Options Contracts

July-20

July-19

% Chg

June-20

% Chg

July-20

July-19

% Chg

Trading Days

22

22


22


147

146


U.S. Equity Options Industry

582,318,225

357,634,292

62.8%

651,089,358

-10.6%

3,831,372,951

2,506,434,279

52.9%

MIAX Exchange Group

66,453,392

33,515,718

98.3%

82,030,056

-19.0%

447,731,947

246,341,690

81.8%

MIAX

28,259,455

12,915,781

118.8%

32,868,021

-14.0%

177,602,043

100,255,581

77.1%

MIAX PEARL

24,098,544

18,163,873

32.7%

34,463,389

-30.1%

180,942,896

133,568,756

35.5%

MIAX Emerald

14,095,393

2,436,064

478.6%

14,698,646

-4.1%

89,187,008

12,517,353

612.5%

Equity Options ADV

July-20

July-19

% Chg

June-20

% Chg

July-20

July-19

% Chg

U.S. Equity Options Industry

26,469,010

16,256,104

62.8%

29,594,971

-10.6%

26,063,762

17,167,358

51.8%

MIAX Exchange Group

3,020,609

1,523,442

98.3%

3,728,639

-19.0%

3,045,796

1,687,272

80.5%

MIAX

1,284,521

587,081

118.8%

1,494,001

-14.0%

1,208,177

686,682

75.9%

MIAX PEARL

1,095,388

825,631

32.7%

1,566,518

-30.1%

1,230,904

914,854

34.5%

MIAX Emerald

640,700

110,730

478.6%

668,120

-4.1%

606,714

85,735

607.7%











Equity Option Market Share for MIAX Exchange Group,

Current Month

Year-to-Date Comparison

Equity Options Market Share

July-20

July-19

% Chg

June-20

% Chg

July-20

July-19

% Chg

MIAX Exchange Group

11.41%

9.37%

21.8%

12.60%

-9.4%

11.69%

9.83%

18.9%

MIAX

4.85%

3.61%

34.4%

5.05%

-3.9%

4.64%

4.00%

15.9%

MIAX PEARL

4.14%

5.08%

-18.5%

5.29%

-21.8%

4.72%

5.33%

-11.4%

MIAX Emerald

2.42%

0.68%

255.4%

2.26%

7.2%

2.33%

0.50%

366.1%

Other news and achievements include:  

MIH

  • Announced the completion of a minority equity investment in MEEG Holdings Limited, the parent holding company of MidChains, an upcoming digital asset trading exchange. The parties have also agreed to pursue joint technology licensing and product listing opportunities internationally.

For further information regarding the MIAX Exchange Group, please visit www.MIAXOptions.com or contact MIAX Trading Operations at TradingOperations@MIAXOptions.com

Corporate Communications Contact:

Natalie Kay, Karma Agency


nkay@karmaagency.com


215-790-7806

About MIH and the MIAX Exchange Group

Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX PEARL®) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three fully electronic options trading exchanges. MIH also owns a controlling interest in the Bermuda Stock Exchange.      

MIAX, MIAX PEARL and MIAX Emerald leverage the MIAX Exchange Group's industry-leading technology and infrastructure to provide their member firms with traditional pricing and pro rata allocation (MIAX), maker-taker pricing and price-time allocation (MIAX PEARL) market structures, and a hybrid market structure with maker-taker pricing and pro rata allocation (MIAX Emerald).

MIAX Options serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (TICKER:SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

The MIAX Exchange Group's executive offices and National Operations Center are located in Princeton, NJ, with additional offices located in Miami, FL.

To learn more about MIH and the MIAX Exchange Group visit www.MIAXOptions.com

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. 

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company's use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Cision View original content:http://www.prnewswire.com/news-releases/miami-international-holdings-reports-july-2020-trading-results-for-miax-exchange-group-july-market-share-up-approximately-19-over-2019-301108431.html

SOURCE Miami International Holdings, Inc.

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